Jr. Casualty Underwriter

Role Purpose

The Jr. Casualty Underwriter is responsible to analyze and underwrite general liability while hold a delicate balance between being a salesperson by selling Chubb’s insurance products and adhering to their respective Letters of Authority (LOA’s), Best Practices and current Chubb’s underwriting appetite with authority on Puerto Rico & the Caribbean geographical area. 

Key Responsibilities

Examine insurance proposals, gather and evaluate background information in order to effectively assess the risk involved. Subscribe business in accordance with corporate guidelines, analyze the information provided by agents or brokers using the tools of subscription and experience in the field to establish the best conditions of assurance caring profitability. Negotiate deals with insurance brokers and /or agents and timely responds and quotation requests and/or inquiries. Analyze, monitor, work and handle new business received through brokers and renewal accounts assigned by Manager as well as maintain an updated list of accounts being handled each month. Keep track of their corresponding monthly production goals, including making sure bound account are registered correctly and monitoring planned production. Visit insurance producers at regular schedules in order to attract potential prospects. Interact with brokers and customers, externally and internally, other line of business underwriters and top management. Assist Operations Department in policy issuance as well as support Claims Department in the event of a claim under one of their accounts in order to interpret underwriting intention, if needed.  Create endorsements that may be either requested by insurance producers or needed by a special business. Present and/or explain covers to insured's and to potential prospects, if needed. Work in conjunction with all department underwriters.  Perform specials projects and other related duties as assigned.

Requirements

Bachelor's Degree in Business Administration or Engineering.  Strong analytical, decision making and problem solving skills. Demonstrate flexibility and adaptability to work in a fast moving and challenging environment. Proficient in MS (Word, Excel and Power Point). Strong skills of database applications related to claims services. Intermediate knowledge of the structure and content of the English and Spanish Language.

Experience

One to three (1-3) years of experience in casualty in the insurance industry, preferable.

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